Commercial property

The pandemic-related acceleration of Sun Belt’s office markets

Alexander Paul For years, investors have viewed the office markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C., as key investment opportunities – large gateway markets with enough growth potential to produce regular returns. However, during the most recent growth cycle, and particularly since the onset of the COVID-19 pandemic, a […]

Commercial property

Medical Technology Company Expands to Phoenix Office Campus

IDEA Temp. Image courtesy of CBRE Becton, Dickinson and Co. increased the footprint of its Greater Phoenix office to nearly 153,000 square feet. The medical technology company signed a 165-month, 32,917 square foot lease extension at IDEA Tempe, a 1 million square foot incremental development in Tempe, Arizona. CBRE negotiated the agreement on behalf of […]

Industrial property

Faropoint Acquires 62,000 Square Foot Last Mile Industrial Property in Meadowlands for $17.7M

Faropointa leading real estate investment firm focused on last-mile industrial properties in high-population-growth markets, announced Wednesday the acquisition of 121 Moonachie Ave. – a 62,000 square foot building in Moonachie – for $17.7 million. “Northern New Jersey remains an attractive and competitive market for industrial investment as the need for last-mile logistics and distribution centers […]

Commercial property

A look at large-scale industrial projects in Phoenix

Phoenix. Image by Kevin Ellis via Pixabay As the space race continues, Greater Phoenix continues to establish itself as a vital industrial market. Supported by rapid population growth, optimal geographical position, business-friendly environment, solid infrastructure and available developable land, the city is poised to become a crucial location for logistics and manufacturing companies. “Greater Phoenix […]

Industrial property

Dalfen Industrial Acquires Industrial Property in the Charleston Area

The property is on the rapidly expanding I-26 corridor, which leads directly to all three ports in Charleston. The Charleston Industrial Market has been in the top 10 fastest growing MSAs by population and economy for several years. Population growth has been over 20% over the past two decades and tenants have demanded space at […]

Commercial property

Colliers International expects healthy UK retail property returns in 2022

Commercial real estate is lagging, but the industrial sector will continue to help support returns as warehouses, prime office space and life science/pharmaceutical assets remain in demand. American-owned international estate agents Colliers International expect all sectors of the UK market to post positive growth in total returns in 2022, with the main industrial property sector […]

Commercial property

Mastercard renews the lease of its offices in Miami

801 Brickel. Image courtesy of Nuveen Real Estate Nuveen Real Estate has signed Mastercard International to a lease renewal of 53,700 square feet at 801 Brickel in Miami, ensuring the global payment technology solutions company remains in place at the iconic 415,000 square foot building that has housed it since 1986. With the help of […]

Commercial property

Regent Properties Acquires Iconic Dallas Office Tower

Trammell Crow Centre. Image courtesy of Regent Properties Regent Properties announced the acquisition of Trammell Crow Center, a 50-story skyscraper located in the heart of downtown Dallas. The Los Angeles and Dallas-based company purchased the Class A office building from institutional investors advised by JP Morgan Global Alternatives. Regent did not disclose a sale price […]

Commercial property

Growth in Scottish commercial property will be ‘moderate’ in 2022

Growth in Scottish commercial property prices is expected to “moderate” to 9.6% in 2022 and 6.4% in 2023 as rental expansion slows and yields stabilise. International real estate firm Colliers explained that this follows a six-year high of 16.5% in 2021, with the industrial sector, retail warehousing, prime offices and life sciences all remaining popular […]

Commercial property

South Florida’s First Specification Cold Storage Facility Lands Tenant

Bridge Industrial has yet to complete Bridge Point Cold Logistics Center, the first cold storage facility for rent to be developed on a speculative basis in South Florida, and already the company has landed a tenant to occupy the building. of 312,000 square feet. in its entirety. Bridge recently signed FreezPak to a full construction […]

Residential propety

Squamish’s Hunter Place residential and commercial project passes third reading

The five-building complex cleared all of the most significant hurdles to approval. A major development proposal at Hunter Place has received third reading, meaning the project has cleared the biggest hurdle to rezoning. On March 1, a public hearing was held in the council chamber, where some residents expressed their concerns. Subsequently, council deliberated on […]

Commercial property

Brookfield Properties Completes $1 Billion Mixed-Use Project in San Francisco

Mayor London Breed addresses the crowd at the opening ceremony of 5M. Photo courtesy of Kathleen Sheffer Brookfield Propertiesin partnership with Hearst Corp., has completed construction on 5M, a $1 billion mixed-use development in San Francisco’s SoMa. An opening ceremony was held on March 1, attended by municipal representatives, arts organizations and community groups. Started […]

Industrial property

Ocean West Capital buys Flex industrial property in Los Angeles

Ocean West Capital Partners has acquired Smoky Hollow Flex Campus, a 152,000 square foot flexible industrial building, in an off-market deal. Situated on 5.1 acres in the Smoky Hollow neighborhood of El Segundo, the property sits in one of Southern California’s most desirable industrial areas. The 1960s period building currently features a brick facade, roll-up […]

Commercial property

Hermès moves its headquarters to the former Sony building

The luxury fashion brand is moving to the Plaza District of Manhattan. 550 Madison Ave. before the overhaul The Olayan Group signed a 71,757 square foot lease with a French luxury design house Hermes in the iconic building at 550 Madison Ave. in the Plaza area of ​​Midtown Manhattan. The world-renowned fashion brand will relocate […]

Commercial property

Top 5 New York Industrial Building Sales — January 2022

PropertyShark has compiled the best deals in town for the area. Source: PropertyShark, a company of Yardi Systems Inc. PropertyShark has compiled the best deals of the month in New York for the sector. 50-35 56th Road, QueensSelling price: $132,000,000 Realterm Logistics has acquired the last mile warehouse totaling 140,000 square feet in the Maspeth […]

Commercial property

Cohen and ASB pay $130 million for Greater Phoenix asset

Landing 3. Image courtesy of Cushman & Wakefield A subsidiary of Cohen Asset Managementin partnership with ASB Real Estate Investmentspaid $130 million for Landing 3, a seven-building, 525,342-square-foot industrial property in Mesa, Arizona. The joint venture of Martens Development Co.formerly known as Marwest Enterprisesand Dune Real Estate Partners sold the Class A asset. According to […]

Industrial property

Plans to redevelopment of existing Beltline Trail industrial property move forward

the Atlanta Zoning Review Board reviewed and recommended approval of a property rezoning application submitted by Jefferson Beltline LLC. Plans include the rezoning of a 1.03 acre parcel to construct a mixed-use development and related accessory uses. The current industrial zoning designation does not permit multi-family residential or commercial uses. Sign up now to receive […]

Commercial property

Top 5 emerging industrial markets

The industrial sector had another solid year in 2021, propelled by the continued growth of e-commerce. At the end of November 2021, over 300 million square feet of industrial space was under construction across the country and despite the large active pipeline, demand is also expected to be very strong in 2022. This trend has […]

Commercial property

Eli Lilly Inks Lease for $700 Million Life Science Project

15 Necco Street, Seaport Innovation District. Image courtesy of Alexandria Real Estate Equities Inc. Alexandria Real Estate Equity Inc. has signed Eli Lilly and Co.. to a full build lease of 334,000 square feet at 15 Necco St., the REIT’s life sciences project in Boston’s Seaport Innovation District. The renowned healthcare company will invest around […]

Commercial property

Medical office buildings remain resilient

Highlights from CommercialEdge’s latest report include a growing shift in investor focus towards this strong sub-sector. The medical practice sub-sector has shown its recession-proof potential since the onset of the pandemic, with a growing number of institutional investors and REITs focusing their efforts on one of the best-performing sub-sectors in the world. real estate sector. […]

Residential propety

Plans for residential project at Newport factory site

Plans have been revealed to turn a former Newport packing plant into a new residential development. Newpack’s Factory Road site, which closed last year, has been taken over by Intestrand. Although it will require planning consent, the new owners are planning a mix of houses and apartments on the factory, which spans 18,000 square feet, […]

Industrial property

Proposed mixed-use development on industrial property

Proxima 2085 Development Marietta LLC submitted plans to City of Atlanta requiring the rezoning of properties located within 2051, 2085 and 2095 Marietta Blvd.. The rezoning would allow the property to be redeveloped into a mixed development within the 6,712 acre collective parcel. In addition, the developer is requesting a full development plan amendment to […]

Commercial property

DivcoWest lands $145 million refi for LA tower

655 N Central Ave. DivcoWest has reached a $145 million refinancing deal for Glendale Plaza, a 24-story office tower in Glendale, Calif., according to Online ReBusiness. CBRE helped negotiate the five-year floating rate note on behalf of the borrower. The funding will retire a $120 million loan that AXA Equitable Life Insurance Co. provided in […]

Commercial property

JV secures $260 million Refi for mixed-use project in Philadelphia

Eastern market. Image courtesy of JLL A joint venture between National Real Estate Advisors, JOSS real estate partners, SSH and young capital secured a $260 million refinancing loan for East Market, a multi-phase, mixed-use project in Philadelphia. Pacific Life Insurance Co. provided the funding, while JLL Capital Markets represented the joint venture. East Market, stretching […]

Industrial property

West Hartford investor buys mid-size industrial property for $883,584

A local real estate investment firm that sold a mid-size industrial property in West Hartford for $900,000 in 2020 recently bought it back for slightly less. C&G Properties, of West Hartford, sold the 1.6-acre property with two light fabrication buildings to Albert Kalanica in 2020. Albert sold the property back to C&G for $883,584 in […]

Commercial property

Sports Direct, Vue and Castore: The 11 latest North West commercial property deals you can’t miss

Major retailers, entertainment giants and expanding law firms are among a slew of companies that have announced high-profile commercial real estate deals in the North West in recent weeks. Companies like Sports Direct, Vue, Castore and a major government department have all announced that they have taken a prominent place in the region. LEARN MORE: […]

Commercial property

Beacon Capital, MetLife Ink New lease at Manhattan Tower

575 Fifth Ave. Image courtesy of Beacon Capital Partners FirstService Residentiala residential community manager, signed a 48,000 square foot lease in the 40-story tower at 575 Fifth Ave. in Midtown Manhattan. Necklaces‘ Vice President Mark Friedman entered into the long-term lease agreement on behalf of the tenant. The owners, Beacon Capital Partners and MetLifeused the […]

Residential propety

Blue World City Awami Residential Resort Payment Plan – Location – Map – Noc

Introduction: Blue group of companies and Imperium Group of Companies collaborated to create a low-cost, TMA Approved real estate project in Islamabad. In April 2020, ARC was launched in Lahore and Islamabad. It has been designed to be as close as possible to the main Multan road and Lahore ring road. A wide range of […]

Commercial property

Laura Hines-Pierce named co-CEO of Hines

Laura Hines-Pierce was previously Senior Managing Director and Head of Business Transformation. Laura Hines-Pierce, Co-CEO, Hines. Image courtesy of Hines Hines has promoted Laura Hines-Pierce to co-CEO of the company. In her new role, she will serve alongside her father, Chairman and CEO Jeff Hines. The announcement comes just as the company turns 65 since […]

Commercial property

Shopping center acquired as the commercial real estate group strengthens its portfolio

LCP, a national commercial property and investment company, has acquired a shopping center in Bingley. The 5Rise mall, acquired for an undisclosed amount, has 18 retail units over 62,094 square feet. It is anchored by a 17,000 square foot cooperative supermarket with other retailers including Poundland, Home Bargains, Costa, Greggs, Timpsons and Card Factory. Other […]

Residential propety

La Jollans Wins Appeal of San Diego Environmental Findings on Residential Project in Country Club Area

Representing the wishes of the La Jolla Community Planning Association and a handful of residents of the La Jolla Country Club neighborhood, opponents of a residential development project won an appeal of the city of San Diego’s findings that the project would have no significant environmental impact. Land-use attorney Julie Hamilton and La Jolla architect […]

Commercial property

Miami Development Update: Mixed Use Drives Office Development

In December, nearly 3.6 million square feet of office space was under construction in Miami, or 5.1% of total inventory, according to CommercialEdge. Continued immigration, accentuated by the pandemic, has spurred investments and relocations in the metro. The office pipeline has grown significantly since late 2020, when it bottomed out at just 1.9 million square […]

Commercial property

Crescent and Nuveen Expand Research Triangle Campus by $500 Million

The Yield, recently expanded by Crescent Communities and Nuveen in North Carolina’s Research Triangle. Image courtesy of Crescent Communities. Crescent Communities, in partnership with Nuveen Real Estate, has acquired 120 acres in Holly Springs, North Carolina, which is part of the state’s Research Triangle. The deal significantly expands The Yield, Crescent’s $500 million in-development life […]

Commercial property

Howard Hughes Corp. to inject $325 million into Maryland redevelopment

Rendering of the planned medical office building in the Lakefront District of downtown Columbia. Image courtesy of Studio Red Architects The Howard Hughes Company. plans to invest $325 million in the Lakefront District of downtown Columbia, as part of the larger 391-acre redevelopment of the central area of ​​Columbia, Maryland. Scheduled to come online in […]

Commercial property

Urgent Commercial Property Appeal – 3,000 sq ft temporary puffin nest required for 40 giant sculptures

The cultural team behind the release of dozens of decorative toads and moths onto the streets of Hull and East Yorkshire are appealing for help from landlords or commercial agents as they preparing to unleash a parade of puffins. Organizers of Puffins Galore! are ready to take delivery of 40 giant models of the much-loved […]

Industrial property

Six-acre industrial property on Chicago’s South Side hits the market

The industrial building on the six-acre property at 1111 West 35th Street (CBRE Deal Flow, iStock) A six-acre industrial site on the South Side of Chicago has entered the market as demand for warehouses has increased. The site at 1111 West 35th Street includes an 11-story, 869,660-square-foot industrial building with office space, according to CBRE’s […]

Commercial property

Investment in East Midlands commercial property doubles to almost £2.3bn in 12 months

The amount invested in commercial property in the East Midlands doubled to almost £2.3bn last year compared to the previous year. Figures from commercial property specialist Innes England suggest the amount spent was also more than 70% higher than the five-year average. The growth has been attributed in part to huge sums of money being […]

Commercial property

Dave & Buster’s is moving its HQ

The company has been based in Northwest Dallas for 30 years. Coppell shopping center. Image courtesy of Cushman & Wakefield After three decades in Northwest Dallas, the entertainment and restaurant chain At Dave and Buster’s will leave its current headquarters and move to a new office in Coppell, Texas. The company signed a 67,200 square […]

Commercial property

Related fund management closes debt fund at $792 million

The alloy block. Image courtesy of Alloy Development Management of related funds reached the final close of Related Real Estate Debt Fund LP (RDF), with capital commitments of $792 million, exceeding its target of $750 million. The fund is a real estate lending vehicle that provides debt financing, structured in the form of full first […]

Industrial property

City of Industry industrial property sells for $11 million

15430 Procter Ave. in the city of industry. Brentwood-based Rexford Industrial Realty Inc. has purchased nearly 4 acres of industrial property in the City of Industry for nearly $11 million.The property, at 15430 Proctor Ave., is 64,320 square feet.Bob Dipre and Dennis Sandoval of DAUM Commercial Real Estate Services represented the seller, Gayton Group, in […]

Commercial property

Rockefeller Group joint venture to develop office real estate in Denver

North River Paradigm. Image courtesy of Rockefeller Group and Jordon Perlmutter & Co. Construction is set to begin later this month on Paradigm River North, an eight-story, 200,000-square-foot mixed-use office building in Denver’s River North Art District. Also known as 3400 Walnut St., the project is being developed by a joint venture of Jordan Perlmutter […]

Residential propety

Banyan Residential Acquires 34 Acres to Build 230-Unit Single-Family Rental Community in Austin Submarket in Pflugerville, TX

AUSTIN, TX – Banyan Residential, a Los Angeles-based private real estate investment firm, announces the acquisition of 34.4 acres of land in Pflugerville, Texas to develop its third single-family rental community. Developed in partnership with Bridge Investment Group, the community will feature 230 single-family rental homes, as well as a swimming pool, fitness center and […]

Commercial property

RXR and Hudson Realty Capital Launch Joint Lending Transaction

Image courtesy of Gerd Altmann via Pixabay.com RXR and Hudson Realty Capital merge their lending activities to create RXR-Hudson, a strategic commercial real estate lending platform that plans to lend more than $2 billion over the next few years in sectors with high investor demand and favorable demographics, including housing, industrial and healthcare. The lending […]

Commercial property

LA Warehouse will be converted into Sound Studio

2852 Witherspoon Drive. Image courtesy of CBRE LA North Studiosa sound stage and film production studio, signed a 70,550 square foot lease with landlords desert orchard and Golden Westminster Investments for a building in Santa Clarita, California. A CBRE team including Executive Vice President Craig Peters and Senior Vice President Sam Glendon arranged the transaction. […]

Industrial property

AEW Capital Management pays $18.4 million for Arlington Heights suburban industrial property

Jonathan Martin, CEO – North America, AEW Capital Management in front of 1400 W. Dundee Road in Arlington Heights (AEW Capital Management, LoopNet) A Boston real estate investment firm has paid $18.4 million for a 375,000 square foot warehouse in Arlington Heights, betting industrial real estate will have another strong year in Chicago. AEW Capital […]

Residential propety

Where to invest in 2022?

Despite a rollercoaster ride in 2021, India’s real estate sector is on course for a strong recovery. The residential and commercial real estate sectors are optimistic about sustainable growth in the near future. From an investment perspective, people are always wondering where to invest, residential or commercial. According to Nakul Mathur, MD, Avanta India in […]

Industrial property

East End Capital Acquires Industrial Property of Sunnyside

Jonathon Yormak, Founder, Managing Director, East End Capital; and map of 48-02 48th Avenue in Sunnyside Queens (East End Capital, Google Maps) East End Capital has reportedly taken a bite out of Queens’ bustling industrial market, acquiring a refurbished industrial property in Sunnyside. The company paid $41.7 million for the warehouse at 48-02 48th Avenue, […]

Commercial property

Green space is good for the soul and good for commercial property values ​​too

In recent years, academics have shown renewed interest in studying the economic benefits of parks and urban green spaces. This type of research is not a new idea, in fact, it dates back to the 19and century and Frederick Law Olmsted, considered the father of American landscape architecture. Olmstead designed the grounds of Central Park […]

Residential propety

Vraj Infrastructure by Sanjay Savaliya is a leading residential and commercial development company

India, First published 26 Jan 2022 11:23am IST January 22: Vraj Infrastructure is developing commercial, residential and commercial properties in Rajkot and regions beyond. The company is well known for its quality construction and highest customer satisfaction. Vraj Infra has been involved in the construction of residential and commercial developments. They are gradually conquering the […]

Residential propety

MassDEP fines Soriano Environmental of Marlborough for asbestos violations at residential properties in Brookline, Newton

BOSTON – The Massachusetts Department of Environmental Protection (MassDEP) has fined Soriano Environmental, Inc. of Marlborough $62,640 for violations of asbestos regulations that occurred during work it conducted at three residential properties located in the Town of Brookline and the Town of Newton. In the fall of 2020, MassDEP approved emergency asbestos abatement waivers so […]

Commercial property

The latest commercial property news for West Berkshire from Quintons

Quintons Commercial Property Agents report a decrease in the supply of property, particularly small workshops. For those of you who have space available, please contact us to see if Quintons can help you rent or sell your space. The new December instructions included the following: 17 The Broadway, Newbury. Quintons is responsible for offering this […]

Industrial property

North West industrial property transaction values ​​break through £1billion barrier in record year

The North West industrial property market had another record year in 2021, with investment deals crossing the £1 billion mark for the first time. A report by specialist agents, B8 Real Estate, also found that occupant care was at unprecedented levels. There were 106 investment deals worth a total of £1.3bn during the year – […]

Industrial property

Deal value tops £1bn in record year for North West industrial property market

Walker Industrial Estate, Blackburn 2021 has been another banner year for the North West industrial property market, with investment deals crossing the £1billion mark for the first time and occupier takeover at record levels previous, according to specialist agents B8 Real Estate. IThe latest market update shows there were 106 investment deals worth a total […]

Industrial property

Thor Equities Group acquires key industrial property in

New York, NY, Jan. 24, 2022 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in the development, leasing and management of urban real estate, is pleased to announce the acquisition of a facility industrial building in Newark, New Jersey, covering 131,205 square feet. Located 10 kilometers north of Newark International Airport and 16 kilometers […]

Industrial property

Investor takes ownership of DeSoto

An investor has snapped up industrial property off Interstate 20 in DeSoto. The I20 Corporate Center is a 385,472 square foot industrial property located at 220 E. Danieldale Road. The building is Diab America’s North American headquarters and supplier of industrial materials and machinery. The warehouse was built in 1986 and expanded in 1992. Bradford […]

Industrial property

Thor Equities Group acquires a key industrial property in

New York, NY, Jan. 24, 2022 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in the development, leasing and management of urban real estate, is pleased to announce the acquisition of a facility industrial building in Newark, New Jersey, covering 131,205 square feet. Located 10 kilometers north of Newark International Airport and 16 kilometers […]

Industrial property

Sitex Group pays $30 million for Greenpoint industrial property

360 Kingsland Avenue in Greenpoint, Brooklyn (Google) Sitex Group acquired an additional 98,000 square feet of industrial property in Brooklyn earlier this month for $30 million. According to the Commercial Observer, the New Jersey-based investor snapped up 360 Kingsland Avenue via an off-market deal brokered by TerraCRG partners Dan Marks and Daniel Lebor on Jan. […]

Industrial property

Weston Acquires Another Midlands Industrial Property > Columbia Business Report

Weston Inc., a Cleveland-based property owner and developer, continues to acquire properties in the Midlands. Weston, with nearly 7 million square feet in its SC portfolio of 45 properties, has acquired a vacant 182,160 square foot industrial building at 3240 Brittain Drive in Newberry. Last February, Weston acquired three vacant properties in the large Columbia […]

Commercial property

Bonnette Auction to sell commercial property in Monroe, LA

4919, avenue de la Construction – OFFICEThis is a large commercial office space available on approximately 1.71± acres at Monroe’s commercial district/industrial park. The building offers ample office space, an entrance hall, a reception, 2 private bathrooms and a lounge/kitchen. The property also has approximately 0.38 acres of concrete parking and provides approximately 360 feet […]

Residential propety

City Council clears way for construction of 108-unit downtown apartment building • Long Beach Post News

The appeal, which argued for more environmental scrutiny of the project, was filed by a group called the Supporters Alliance for Environmental Responsibility, which has a history of opposing similar projects in the area. A representative of the group told city council on Tuesday that the Supporters’ Alliance for Environmental Responsibility was not necessarily opposed […]

Commercial property

KZA Realty Reaches $1.8M Deal for South Boulevard Commercial Property – Bronx Times

The commercial property located at 1155-1159 Southern Blvd., was purchased for $1.8 million. Photo courtesy KZA Realty Sign up for our amNY Sports email newsletter for news and game coverage from your favorite teams KZA Realty Group has secured the sale for $1.8 million of a development property located in the Morrisania section of the […]

Residential propety

Alliance Residential Company buys three acres for 279-unit Prose Mccullough resort in University City neighborhood

CHARLOTTE, NC – Alliance Residential Company, one of the nation’s largest multi-family developers, has closed on 2.92 acres located at 8430 N. Tryon Street in Charlotte, NC for the development of Prose McCullough Station, a 279-unit apartment community just steps from the LYNX Blue Line light rail station after which the apartment community is named. […]

Industrial property

Staley Point Capital Acquires Prime Industrial Property in Santa Fe Springs for $35 Million

LOS ANGELES, January 18, 2022 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the off-market acquisition of 12065 Pike St, a 159,964 square foot infill industrial asset at Santa Fe Springs, California, for $35 million. The transaction, which represents a purchase price of $219 per square […]

Commercial property

Catlett’s commercial property sells for $2 million

This 10.4 acre commercial property in Catlett sold for $2 million. It faces Route 28 across from the Dollar General Store (top) and Elk Run Road (left). An Arlington company recently paid $2 million for four parcels of commercial property totaling 10.4 acres in Catlett. The property fronts onto Catlett Road (Route 28), across from […]

Residential propety

City Council to Hear Appeal of Long Beach Downtown Residential Development Project • Long Beach Post News

The proposed seven-story project for the corner of Seventh Street and Locust Avenue was approved by the Planning Commission in November, but is now headed to City Council due to appeal. The controversial town center plan was passed by the city council in 2012 and set out a framework to accelerate housing production in the […]

Residential propety

New York-based developer completes acquisition of Westside residential development site

Tishman Speyer will begin construction in late 2022 on its first residential project in the Los Angeles area By Sam Catanzaro A New York-based developer has completed its first LA-area acquisition, which will bring 620 apartments and 31,000 square feet of retail to eight new Westside buildings. On January 3, Tishman Speyer announced that it […]

Residential propety

Equity Residential sells San Francisco apartments for $304 million

Wood Creek Apartments. Image courtesy of Opportunity Housing Group Opportunity Housing Group (OHG), in partnership with the California State Community Development Authority (CSCDA), acquired Wood Creek Apartments in the San Francisco Bay Area from Residential Equity for $304 million. The 484-unit apartment community is in Pleasant Hill, California. The 49-building Wood Creek Apartments, located at […]

Industrial property

Staley Point Capital Acquires Industrial Property of City of Industry for $22 Million

LOS ANGELES, January 13, 2022 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the off-market acquisition of 18689 Arenth Ave, a 97,000 square foot industrial asset in the City of Industry, Californiafor $22 million or $227 per square foot. The transaction represents the company’s first investment […]

Residential propety

Maha Cabinet Approves Property Tax Exemption on Residential Properties up to 500 sqft in Mumbai

The Maharashtra cabinet on Wednesday approved a property tax exemption for residential units up to 500 square feet for Mumbaikars. The move came just ahead of the Brihanmumbai Municipal Corporation elections and will benefit nearly 16,000 residences in Mumbai. The Maharashtra cabinet on Wednesday approved property tax exemption for residential units up to 500 square […]

Industrial property

ABG Commercial Brokers $15.7 Million Sale of Lawrence Industrial Property

Lawrence, MA – Oliver Street Capital, in a joint venture with an institutional financial partner, has acquired a 90,692 square foot warehouse/distribution center located in Lawrence Industrial Park at 91-101 Glenn St. for 15, $7 million. The asset is fully leased to Mainstream Global, a full-service reverse logistics solutions provider for IT and electronic equipment. […]

Commercial property

Commercial real estate giant Bruntwood returns in the dark after pandemic hit

Commercial real estate giant Bruntwood has fallen back into darkness as it continues to recover from the Covid-19 pandemic, new figures have revealed. The Manchester-based group, which also has offices in Birmingham, Cheshire, Leeds and Liverpool, reported a pre-tax profit of £ 44.9million for the 12 months ending September 2021, up from losses of £ […]

Residential propety

VCBank Completes Successful Exit of US Westhaven Multi-Family Residential Assets, Provides 54% Return on Investment to Investors

Manama, Bahrain: Venture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, today announced its successful exit from a real estate portfolio in the US multi-family residential sector. With a gross sale value of $ 116.5 million, this release generated a return on investment (ROI) of 54 percent; and provided […]

Residential propety

New York-based developer completes acquisition of major residential development site in Santa Monica

Tishman Speyer to begin construction at the end of 2022 on his first residential project in the Los Angeles area By Sam Catanzaro A New York-based developer has completed its first acquisition in the Los Angeles area, which will bring 620 apartments and 31,000 square feet of retail to eight new buildings in downtown Santa […]

Industrial property

Turnbridge Equities, Dune Buy Canarsie Industrial Property

807 Bank Street and Ryan Nelson from Turnbridge (Arqui300, Turnbridge) Turnbridge Equities and Dune Real Estate Partners recently achieved a rare find, seizing a site in Brooklyn to begin building a warehouse from the ground up. The real estate companies bought two vacant warehouses at 807 Bank St and 300 DeWitt Ave in the Canarsie […]

Residential propety

Abbotsford’s ten best-valued residential properties – Abbotsford News

Figures for the 2022 BC assessment were released earlier this week, with Abbotsford properties increasing significantly. The value of a single-family home has increased by 38 percent, while a stratum (condo / townhouse) home has increased by 21 percent. The typical estimated value of a stratum home now sits at $ 412,000, while a single-family […]

Residential propety

CM: No property tax for residential properties up to 500 square feet | Bombay News

Mumbai: The property tax on residential units up to 500 square feet, located within the boundaries of Mumbai’s municipal area, will be removed, the Maharashtra government said on Saturday. Chief Minister Uddhav Thackeray announced the decision after a meeting with the state’s urban development department earlier today. The announcement comes ahead of Mumbai’s municipal elections […]

Industrial property

This is why the demand for industrial property is expected to continue to soar in 2022

Andrew Gent, director of Leeds-based GV, said: The industry had seen “unprecedented levels of demand” from occupants and investors in 2021, leading to higher rents and capital values. Read more Read more Plans for an industrial program expected to create hundreds of jobs in Bradford Register to our Business newsletter Register to our Business newsletter […]

Industrial property

Devli buys Meadowlands industrial property

[vc_row][vc_column][vc_column_text]New York-based Devli Real Estate has added a 6-acre site in the Meadowlands to its growing Garden State portfolio, according to a Dec. 29 announcement. Devli purchased the 175,000 square foot property located at 2 Carlton Ave. in East Rutherford for an undisclosed amount on a short-term sale-leaseback, meaning the sellers will continue to use […]

Commercial property

Quick-delivery ‘arms race’ drives up rents for commercial properties in London

A worker fills orders at a Gorillas ‘dark store’ in London’s trendy Shoreditch on May 20, 2021. Hollie Adams | Bloomberg | Getty Images LONDON – A battle for space fueling the super-fast grocery delivery boom is pushing up rents in parts of London’s commercial property sector. Companies like Getir, Gorillas and Zapp, which promise […]

Industrial property

Podcast: How Prologis became the largest industrial property owner in the world | RENX

Podcast: Walt Rakowich, former CEO of Prologis, on industrial CRE Walt Rakowich, former CEO of Prologis, joins host Chad Griffiths to discuss a range of topics from personnel, to the re-emergence of Prologis as an industrial CRE powerhouse, to the industry itself. Rakowich holds a bachelor’s degree in accounting from Pennsylvania State University and an […]

Industrial property

SKB is acquiring a 24,235 square foot industrial rental property located in the historic Ballard neighborhood of Seattle, Washington. |

PORTLAND, Oregon., December 17, 2021 /PRNewswire/ — ScanlanKemperBard (SKB) has announced the acquisition of 600 NW 40and Street, an industrial property located on 0.83 acres just off Leary Way NW between the Ballard and Fremont neighborhoods. The property consists of two warehouses, one of which was recently completed in 2020. The property is currently 100% […]

Industrial property

SKB acquires a leasable 24,235 square foot industrial property located in the historic Ballard district of Seattle, Washington.

The property is currently 100% leased by a single tenant, Glass Eye Studios, which has operated from the property since its construction in 1978. Glass Eye Studios is one of the oldest and largest privately owned glassblowing companies. of the country and has served as a training ground for some of the Pacific Northwest’s most […]

Industrial property

Staley Point Capital Acquires Second Commercial Industrial Property for $13 Million

LOS ANGELES, December 17, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 2425 Saybrook, a 42,000 square foot warehouse with excess land in Commerce, Calif., for $12.95 million. dollars, or $308 per foot of building or $119 per foot of land. The […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS |

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, one of the world’s leading developers, owners, operators and managers of premier real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, a leading developer, owner, operator and manager of world-class real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both 100 percent leased, […]

Commercial property

Equiton Balanced Real Estate Fund acquires commercial property in London, Ontario

The Balanced Fund provides investors with access to a variety of classes of real estate in one investment. By providing exposure to the main real estate investment categories of trade, development and loans, it can contribute to real diversification. The Balanced Fund targets an annual net return of 8% to 12% through a combination of […]

Industrial property

Dalfen Industrial acquires the industrial property of Winston Salem

Located in the Union Cross submarket, this neighborhood offers a distinct advantage in terms of accessibility and a high quality tenant base with institutional ownership. The building is 100% occupied by a tenant who is currently paying below market rent, which represents a significant increase during renewal as well as when leaving. Other tenants in […]

Commercial property

This week’s #Listed features ready-made homes and commercial properties!

Every week on #Listed, RE / MAX agents feature local real estate listings that really stand out. Best of all, you can now take a 3D virtual tour of part of the property without ever leaving your living room! Sell ​​a house? RE / MAX is the only real estate company in the county to […]

Industrial property

Secure tenant for a new speculative industrial property

Commercial property rental experts Commercial Property Partners (CPP) have secured a major rental at Ashroyd Business Park, Barnsley. CPP has accepted a lease at Ashroyd 52, a 52,871 square foot speculative new build, on behalf of commercial real estate specialists, 4th Industrial. The self-contained unit offers 2,551 square feet of first floor office space, a […]

Industrial property

Industrial property near Beltline Trail ready for mixed-use redevelopment

Last month, Jefferson Beltline LLC has applied for the rezoning of a 1.03 acre parcel to construct a mixed-use development and associated ancillary uses. The current industrial zoning designation does not allow multi-family residential or commercial uses. Sign up now to receive our daily news alerts Unsubscribe at any time Neighborhood Planning Unit – K […]

Industrial property

Dunleer buys Temple City industrial property for $11 million

Beverly Hills-based Dunleer bought a 64,109 square foot industrial property in Temple City for $10.6 million from rake maker McGuire Industries Inc.The industrial building is located on 115,084 square feet of land at 9620-9642 Gidley St.“As consumer demand for last-mile delivery and supply chain costs rise, assets like these, which are located in dense submarkets […]

Industrial property

KKR acquires industrial property in Vista, Calif., From Westcore

VISTA, Calif .– (COMMERCIAL THREAD) – KKR, a leading global investment firm based in San Diego Westcore, a leading industrial real estate acquisition, development and management company, today announced that Westcore has sold an approximately 197,000 square foot industrial warehouse (“Vista Commerce”) located in Vista in California at KKR. Vista Commerce is located on an […]

Industrial property

MDH Partners acquires 2.8 million square foot industrial property portfolio

6220 West 73rd Street, Bedford Park and Chairman and CEO of MDH Partners Jeff Small Jr. (Google Maps, MDH Partners) A group of industrial investors from Atlanta paid $ 83 million for a portfolio of six warehouses and a secure trailer lot in Bedford Park, 15 miles southwest of Chicago – the first expansion of […]

Industrial property

Faropoint acquires a 46,000 square foot industrial property in Chicago

Faropoint today announced the purchase of a 46,000 square foot, 1.60 acre industrial facility located at 250 Washtenaw Avenue in Chicago, IL. Sean Austin and Lee & Associates represented the buyer and seller in the transaction, which closed on November 23, 2021. “250 Washtenaw is Faropoint’s first acquisition within the city of Chicago and a […]

Industrial property

Dalfen Industrial Acquires Industrial Property in the Dallas Area

This property has excellent last mile fundamentals with its proximity to DFW International Airport and dallas/field of love. It connects to both dallas and fort worth, a market of nearly 8 million people, through arteries such as Interstate 35, Loop 12, Hwy. 114 and freeway. 183. Other tenants in the area include FedEx, UPS, PepsiCo, […]

Industrial property

QuadReal Acquires 60-Acre ‘Trophy’ Industrial Property in GTA | RENX

This property on Dixie Road and Derry Road in Mississauga, long coveted by developers, has been acquired by QuadReal. (Courtesy of Lennard Commercial Realty) One of the most coveted industrial development properties in the Greater Toronto Area, a 60-acre site at 1700 Derry Road in Mississauga, has been acquired by BCIMCthe real estate branch of […]

Industrial property

Arden Group launches industrial property investment platform Arden Logistics Parks

PHILADELPHIA CREAM, November 16, 2021 / PRNewswire / – Arden Group (“Arden “), a fully integrated real estate company since 1989, today announced the launch of Arden logistics parks, a first-class logistics real estate operating platform specializing in the acquisition, improvement and real estate management of light industrial activity parks across the country. Technology investment […]

Industrial property

“The market is on fire”: competition for industrial property in Saint-Louis intensifies | Local company

Construction begins at the Westport Commerce Center, on land protected by the Howard Bend Levee District, just east of the Missouri River in Maryland Heights. The area, shown on Wednesday, will be the first Class A industrial park to be built in Maryland Heights in three decades, said David Branding, general manager of commercial real […]

Industrial property

Dalfen Industrial acquires the industrial property SoCal

The industrial property is located less than 3 miles from I-215, providing southern access to San Diego, and north to I-10, SR-CA-60 and CA-SR-91, allowing east-west connectivity, including Port Long beach/Port Los Angeles about 70 miles west. In recent months, the Inland Empire region of California has experienced a 20-30% rent increase along with a […]

Industrial property

Grapevine logistics buildings are the latest proprietary sales

Sales Stag Industrial purchased D / FW North Logistics Center, a two-building, 202,140 square foot logistics center located at 2400 and 2402 Esters Blvd. at Grapevine, a subsidiary of Olympus Ventures. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of the CBRE Group negotiated the sale of the industrial buildings. Partnership directed by Katzir […]

Industrial property

21-acre industrial property to be redeveloped in the Carroll-Camden industrial estate

Hanover, Maryland-based Chesapeake Real Estate Group (CREG) has a contract on the former Kaydon Ring & Seal facility at 1400 Bush Street in the Carroll-Camden industrial estate. CREG plans to demolish the existing buildings on the 21-acre property and develop a new industrial / logistics facility. Kaydon closed its Baltimore plant in 2017 and moved […]

Industrial property

Blackstone cashes 282,000 square foot industrial property for $ 57.5 million

9500 West Sergo Drive and Yoon Khong Hiew, CEO of Singapore REIT Mapletree (Google Maps, Mapletree) Blackstone Real Estate Advisors has cashed in a 282,000 square foot industrial property in suburban Chicago for $ 57.5 million. Mapletree US Management purchased the land occupied by FedEx Ground at 9500 West Sergo Drive in La Grange on […]

Industrial property

GPR Ventures acquires the industrial property of Natomas

Courtesy photo STAFF REPORTTHE BUZZ NATOMAS | @natomasbuzz GPR Ventures announced today that it has purchased an 84,537 square foot industrial property at the corner of Del Paso Road and Northgate Boulevard in Natomas. The locations at 4700, 4720 and 4740 Northgate Boulevard include both warehouse and office space and are already 98% leased to […]

Industrial property

Etkin Johnson sells Axis 25 industrial property for $ 42.5 million – Loveland Reporter-Herald

Etkin Johnson Real Estate Partners LLC in Denver continued its 32 year history in Colorado real estate with the sale of its Axis 25 property to Loveland. Stag Industrial Holdings LLC purchased the layout from Axis 25 Building LLC on September 24 for $ 42.5 million, according to Larimer County real estate records. Axis 25 […]

Industrial property

PCCP and Capital Partners Acquire 386,724 Square Foot Industrial Property in Minnesota

PCCP, LLC and based in Minneapolis Capital partners have formed a joint venture and acquired a soon to be vacant 386,724 square foot Class A industrial property at 19850 S. Diamond Lake Road in Rogers, Minnesota. The seller was Stag Industrial. Built in 2001, Diamond Lake Road sits on a 22 acre site and has […]

Industrial property

Stratford’s light industrial property sells for $ 8 million, roughly five times its appraised value

STRATFORD – A leading retail development investor has spent millions on a 1.6 acre property off Surf Avenue, where Sunbelt Rentals is currently located. OK Stores, based in Bloomfield Hills, Michigan, paid $ 8 million for the property, located at 85 Mead St., less than half a mile from Exit 30 of I-95. That’s about […]

Industrial property

Industrial property overhang immersion | EdgeProp.my

The Covid-19 pandemic has given a boost to the growth of e-commerce, with more and more conventional retailers moving their presence online. Riding the trend, demand for industrial and logistics real estate has also accelerated. This is what emerges from statistics published by the National Property Information Center (NAPIC), where in the first half of […]

Industrial property

CenterPoint buys Pompano Beach industrial property for $10 million

Bob Chapman of CenterPoint Properties with the installation (CenterPoint) CenterPoint Properties has purchased a last-mile Pompano Beach distribution facility for $10 million, marking the company’s continued investment in South Florida’s booming industrial real estate market. The Oak Brook, Illinois-based company purchased the property at 1405 Southwest Eighth Street, records show. The sales entity is led […]

Industrial property

EKJ Wheeling and Thor Equities landed a 500,000 square foot industrial property last month

2750 W. 35th St, Chicago, IL; 2940 W. 36th St, Chicago, Illinois (LoopNet, NAI Hiffman) Two companies acquired a total of 500,000 square feet of industrial space in the Chicago area last month, which is already on track to surpass last year’s industrial sales volume. EKJ Wheeling LLC purchased a 310,000 square foot industrial property […]

Industrial property

Utah buyer pays $44 million for Greeley industrial property – Greeley Tribune

GREELEY — A nationwide Utah real estate company paid $44 million for an industrial/warehouse building and 25 acres in southeast Greeley, according to the offices of Weld County Assessor and Clerk and Recorder. BLNL Co Greeley LLC purchased the properties at 259 30th St. from CJBL Land Ltd LLC and Craig Broughton on September 21, […]

Industrial property

LBA Realty pays $16.1 million for Goose Island industrial property

Perry Schonfeld of LBA and Property (Showcase, LinkedIn via Schonfeld) LBA Realty, a California-based investment firm, has paid $16.1 million for a building on Chicago’s Goose Island whose lease to a cloud manufacturing startup has marked the region. largest industrial lease in the first trimester. LBA purchased the one-story building at 1224 Hooker Street near […]

Industrial property

Overton Moore Buys Gardena Industrial Property for $35 Million

Torrance-based Overton Moore Properties has acquired a 10.8-acre industrial property in Gardena for $35.1 million.The property at 1600 W. 135th St. has six buildings totaling 261,950 square feet and is fully leased to an undisclosed aerospace tenant. Cushman & Wakefield Inc.’s Mike Condon Jr., Erica Finck, Bailey Dawson, Brittany Winn, and McKenna Gaskill represented the […]

Industrial property

Pico Rivera industrial property sells for $63 million

8500 Mercury Ln. in Pico Rivera A 173,134 square foot industrial property in Pico Rivera has sold for $63 million. Chicago-based CenterPoint Properties purchased the property from owner-occupier in a sale-leaseback transaction. Jordan Lara, Rudy Lara and Nick Peukpiboon of Daum Commercial Real Estate represented CenterPoint Properties in the off-market sale. The property is located […]

Industrial property

Seagis pays $19 million for Doral industrial property

10100 Northwest 25th Street in Doral, Florida and Bradlee Lord of Seagis Property Group (Google Maps, Cornell) Seagis Property Group bought the Doral facilities from a logistics company for $19.4 million. AmCar Lamprecht sold the property at 10100 Northwest 25th Street, two years after buying it for $14 million, records show. The two-story, 105,984-square-foot facility […]

Industrial property

The packaging boom adds to the race for industrial property

Industrial real estate, including distribution centers and manufacturing plants, continues to be in strong demand across the United States, exemplified by the exceptionally low vacancy rate of 5.1% and record rents that have increased by 8.6% in the last year alone. Improving national economic and health conditions release pent-up consumer demand, fuel consumption and production […]

Industrial property

Staley Point Capital Acquires Placentia Industrial Property for $15 Million

LOS ANGELES, August 12, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 888 Crowther Ave, a 58,000 square foot industrial property in the North County submarket of Orange County, for $15 million ($259 per square foot). Built in 1998, 888 Crowther Ave […]

Industrial property

Pico Rivera’s industrial property sells for $57 million

7255 Rosemead Blvd. in Pico Rivera An industrial property in Pico Rivera has been acquired for $56.5 million by Cohen Asset Management Inc., a Century City-based real estate investment firm. Cohen Asset Management specializes in the industrial and logistics sector. The property is a fully leased logistics facility located at 7255 Rosemead Blvd. “We are […]

Industrial property

Berry Hill industrial property hits the market | Development

The Berry Hill property, long home to iconic spread and dip-making company, Ms. Grissom’s Salads Inc., has been put up for sale for an undisclosed asking price. With a main address of 2500 Bransford Avenue, the 3.25-acre property offers three industrial buildings and is owned by Ms. Grissom CEO Kenneth Funger. The structures offer a […]

Industrial property

Faropoint Acquires 64,000 Square Foot Industrial Property in Franklin Park

Faropoint announced the purchase of a 64,002 square foot, 3.1 acre industrial facility located at 3325 Mount Prospect Road, Franklin Park, IL. Tyler Ziebel, Steven Disse and Jeffery Devine of Colliers represented the seller in the transaction, which closed on July 15, 2021. Faropoint was not represented in this transaction. “This project is our second […]

Industrial property

SparrowHawk Real Estate Acquires 272,882 Square Foot Industrial Property in Kansas

After entering the Kansas City market over 90 days ago, Sparrowhawk Real Estate acquired another building, the newly completed first building in the Heartland Logistics Park in Shawnee, Kansas. Financial terms of the transaction were not disclosed. John Stafford, executive vice president, and Ed Elder, president of Colliers represented the seller and developer of the […]